What is the journal entry to write-off a receivable?
Assuming the allowance method is being used, you would have an allowance for doubtful account reserve already established. To write-off the receivable, you would debit allowance for doubtful accounts and then credit accounts receivable.
The visual below also includes the journal entry necessary to record bad debt expense and establish the allowance for doubtful accounts reserve (aka bad debt reserve or uncollectible AR reserve).
Back To All Questions